>> we are showing you a list of the top holdings, which inluds proctor and gamble, cisco, pepsico, sysco, we want to give people an idea with laszlo and you, what would your top picks, if the market pulls back a little bit, what would you go for here? >> two things. we are in an awkward period. we have a policy of not revealing our quarterly holdings until about 15 days after the end of the quarter. so the only thing you can rely on in looking at our stuff is the end of the year. the good news is we have a very low turnover rate. and we rank them in order of our risk adjusted rates of return prenchs. so the largest holdings at the end of the year would represent at the end of the year our best feelings, and those things don't tend to change very rapidly. so, i mean, the top three at the end of the year were proctor, newscorps and pepsi. >> i know you like apollo, i know you like microsoft, for example, and so you would urge people, if there's a pullback in any of these names specifically or the market at large, to load up on these stocks? you like them and why? >> well, let me use a litt